Public Investment in Basic Education and Economic Growth
16 Pages Posted: 9 Aug 2004
Date Written: July 2004
The main objective of this paper was to visualize the relation between government spending on basic education and the human capital accumulation process, observing the impacts of this spending on individual investments in higher education, and on economic growth. From the results obtained, we may reach the central conclusion that basic education affects agents' decisions over their lifetime, and that the significance of the relation between public spending on education and economic growth is altered by changes in the composition of government spending with regard to basic and higher education, and this relation may be insignificant when higher education is not promoted.
Keywords: Economic growth, human capital, public education
JEL Classification: O11, I22, I28
Suggested Citation: Suggested Citation